Which of the following will not cause the aggregate supply curve to fall?
a. A decrease in the nation's average price level (i.e., the implicit price index).
b. An increase in input prices.
c. A decrease in the value of the domestic currency.
d. Natural disasters.
e. None of these answers is correct.
.A
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Economists define the long run as any production time period lasting over one year
a. True b. False Indicate whether the statement is true or false
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a. True b. False
Several studies in the 1990s concluded that the consumer price index overstated inflation by about
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